The invisible that matters
The Paris summit has given the season a phrase worth keeping: the invisible that matters. It names the part of luxury that does not photograph — the judgment, the restraint, the years of quiet work behind something that looks effortless. Real estate at this level runs on the same principle. A buyer sees a finished home. What they do not see is the positioning that brought them to it, the decision to market it narrowly rather than widely, the discipline to protect a seller’s leverage by...